Savings Groups and Mutual Support for the Unbanked
Saving is a critical issue for all Americans, but it is especially important for those at the bottom of the economic pyramid. Nearly half of Americans lack sufficient liquid assets to live at the poverty level for three months, with these percentages reaching two thirds for minorities. To address this issue, the Carsey School of Public Policy of the University of New Hampshire is launching “Saving Works.” Saving Works will increase savings and mutual support as it targets the unbanked and under banked. Saving Works builds on the experiences of rotating savings circles already widely used in immigrant communities by layering onto this traditional model what has been learned about improving traditional ways of saving through training over half a million “mini-banks” in nearly 70 developing countries.
Saving Works has recently been launched in Delaware through $tand by Me
that state’s innovative financial coaching program, and will be implemented through the Carsey School of Public Policy at the University of New Hampshire, one of the world’s leaders in community economic development and innovative models of group savings, with partners that work with immigrant communities.
Jeff Ashe is an advisor to Step Up Silicon Valley on the College Savings Circle Initiative.
Author and Research Fellow
Carsey School of Public Policy
University of New Hampshire
Click below to read the article on our blog and join the conversation about Savings Circles.
to learn more about the author and his work.
To purchase Jeffrey’s book, click here.
Step Up Ignites College Savings Circles
The Silicon Valley Education Foundation in partnership with EARN and Step Up Silicon Valley is launching a pilot College Savings Circle program in East Side Alliance. The purpose of this pilot project is to support the goal of going to college for the mostly lower income communities of East San Jose. Savings Circle is an easy and self-empowering platform where parents and kids take charge and set their own goals in terms of timeframe and the amount they can afford to save for college. In this case, the minimum savings is $20/month.
Click below to learn more about the College Savings Circle Initiative.
Affordable College Opportunity Resources
Get Social with us!
Wake Up to Aging: Aging, Caregiving
Date: May 19, 2016 Time: 5:30-7:30pm Location: St. Mary's Parish
For more information on how you can attend, call 408-831-0440
Open Enrollment for Year Up September Classes
Year Up is now accepting applications for their September 2016 class!
Year Up is a free professional IT training program that educates young adults in hardware and software for five months in their downtown San Jose location. After their training, students begin internships in locations like Facebook, EBay, Google, and LinkedIn.
An educational stipend of $600 is provided for the first 5 months and $1000 for the next 6 months while in the internship.
The only requirements are as follows:
- Young adult is 18-24
- Have a high school diploma or GE
Click below to apply for their September Class.
Community Action Poverty Simulations
Experience 1 Month of Poverty in 2 Hours.
The Community Action Poverty Simulation (CAPS) immerses us in the harsh reality of a Silicon Valley that grows in disparity as much as prosperity.
If you would like more information on our Simulations, please contact Angela Silveira.
1,000 Out of Poverty Meetings
Next meeting: Friday, May 20, 2016.
The 1,000 Out of Poverty team meets monthly to co-create community-based solutions that provide people access to jobs, healthcare, housing, food, and education.
Contact Angela Silveira to learn more about our initiative.